March 12 (Reuters) - IPH Ltd IPH.AX :
* IPH SUBMITS PROPOSAL TO ACQUIRE XENITH IP
* DEAL FOR $1.97 PER XENITH SHARE
* DEAL FOR COMBINATION OF CASH AND IPH SHARES VALUED AT $1.97 PER XENITH SHARE
* REITERATES THAT IT INTENDS TO VOTE AGAINST MERGER OF XENITH AND QANTM AT UPCOMING SCHEME MEETING, SHOULD IT PROCEED